To address multifaceted risk, organizations must invest in their resilience. The open question, though, is how to do it systematically, in today’s threat environment?
That’s where resilience management software comes in. What’s resilience management software, and what are its four key benefits?
Read on to find out.
What’s resilience management software?
Resilience management software includes integrated software solutions that cover all aspects of resilience management.
So, what’s resilience management then?
Well, the 'resilience' in resilience management refers to the ability to recover quickly from a crisis or critical incident and to bounce back better.
Resilience management itself is the set of business processes responsible for ensuring that that happens.
Resilience management, as we commonly understand it, consists of two primary areas: (1) readiness or preparedness and (2) response. Both areas fall under the unified resilience management structure.
The role of integration in resilience management
Threats to organizational resilience come in all shapes and sizes, however. That level of heterogeneity and complexity provides a challenge for resilience management.
For the field to be successful, resilience management must, therefore, be integrated.
That’s, of course, the ultimate benefit of integrated resilience management software.
Covering all aspects of resilience management, including incident and crisis management, situational awareness, business continuity, risk and compliance, security operations, and threat intelligence, integrated resilience management technology ensures that all necessary capabilities are in one place not spread out across various solutions.
The 4 benefits of integrated resilience management software
Besides eliminating information silos, this level of integration provides a consistent user experience. Practitioners manage any type of event with familiar tools and workflows.
Those aren’t the only benefits of integrated resilience management software, though. The four key benefits of resilience management software include:
1. Enhances decision making
Given the risk context today, data is paramount. But not all information is valuable. Threat intelligence is.
To that end, integrated resilience management platforms will come equipped with the ability to monitor alerts about potential threats, receive relevant notifications, capture alerts, and escalate them into incident management.
2. Accelerates incident response
Crises haven’t just become more frequent, they’ve become faster moving, as well.
That, in turn, makes incident response automation a key benefit of integrated resilience management software, by giving organizations the ability to effectively prepare for and manage disruption by managing all recovery strategies as well as plans and playbooks in one centralized location.
3. Speeds up communication
As crises move faster, companies have to communicate more promptly and accurately to keep up.
Here, integrated resilience management software has been of benefit, proactively ensuring all stakeholders are alerted to threats and incidents quickly, via the best methods to reach them.
Often that method is pre-planned message templates. Here, dynamic content populated from a related event or other data reduces response time and ensures delivery of accurate and consistent messages when it matters the most.
4. Ensures regulatory compliance
Regulators are also keenly aware of the degradation of the threat environment. Across important economies, they’ve responded with a slew of operational resilience regulations, creating risk and opportunity for regulated entities in the process.
In that regard, a benefit of integrated resilience management software solutions is some have been architected to expedite compliance and validate adherence to the latest regulations on an ongoing basis.
The platforms connect the people, processes, and tools required for organizations to enhance their operational resilience, so they can minimize the impact of disruptions and still deliver critical products and services to meet their obligations to customers, stakeholders, and the wider economy.
While extensive, that list of benefits is by no means complete. What are the other benefits of integrated resilience management software? Check out our guide, 7 Reasons to Purchase Integrated Resilience Management Software.
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